Ericsson shows how IoT can mitigate energy cost in properties
Ericsson noted that the report comes with a specific energy management value calculator designed to estimate savings and efficiencies based on energy prices and other factors
Swedish vendor Ericsson released a ‘Connected Buildings Energy Management’ report in partnership with Nordic property technology company Kiona and Arthur D. Little.
The report explores the business value and climate impact resulting from IoT-enabled digital control of buildings to monitor, control and optimize energy usage – enabling property owners to decrease energy costs and CO2 emissions.
By enabling IoT connectivity, the property value of a building can be increased, and the more measurable savings come from a 10% decrease potential in annual energy cost, which stems from adjusting heating system parameters according to the individual local conditions for each building, its energy performance, and the projected heating demand for it, Ericsson said.
The vendor also noted that the report comes with a specific energy management value calculator designed to estimate savings and efficiencies based on energy prices and other factors.
Meanwhile, Kiona said that its vision is to prevent unnecessary energy usage and CO2 emissions across the 55,000 commercial, industrial, residential and public facilities in the company’s current property management portfolio. The company focuses on digitalizing new and old buildings, with over 5,500 buildings using cellular connectivity powered by Ericsson IoT Accelerator.
By providing technology in conjunction with Ericsson’s IoT connectivity solutions, Kiona allows property managers to gather building data through integrated sensors that can be used for informed decisions and control the building without having to be on-site.
Jens Erler, IoT client principal in the technology and emerging business at Ericsson, said: “The implementation of cellular IoT connectivity across the property sector benefits markets across the world, from reduced energy usage and other operational costs to added property value and increased tenant satisfaction. Although the exact nature of the benefits from connected energy management and optimization varies between countries, reduced energy usage bears financial and environmental advantages to all.”
“We recognize the challenges faced across the property sector related to energy management and increasing property value across Northern Europe and beyond. Through our independent solutions and supporting services, Kiona strives to relieve these pressures and create a unified digital ecosystem by connecting property managers to their buildings on a remote level,” said Viktor Vitell, CMO at Kiona.
Ericsson said its IoT Accelerator currently serves over 9,000 enterprises in more than 100 countries and manages more than 90 million connections, including over 20 million eSIMs.